Basic net loss per common share is computed by dividing net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding for the period. Since the Company had a net loss in all periods presented, basic and diluted net loss per common share are the same.

In accordance with ASC 260, Earnings Per Share, shares issuable for little to no cash consideration should be included in the number of outstanding shares used to calculate basic loss per share as long as all conditions necessary for exercise are met. The 2023 Pre-Funded Warrants, the June 2024 Pre-Funded Warrants, the May 2025 Pre-Funded Warrants and the June 2026 Pre-Funded Warrants are therefore included as outstanding shares as of June 30, 2026 and 2025 to calculate the weighted average number of shares outstanding to calculate basic loss per share.

The following table represents the calculation of basic and diluted net loss per common share for the three and six months ended June 30, 2026 and 2025, respectively (in thousands, except share and per share data):


	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2026			2025			2026			2025
Net loss	$	(46,639	)	$	(26,882	)	$	(89,049	)	$	(48,411	)
Weighted-average shares of common stock outstanding used to compute net loss per common share, basic and diluted		369,044,040			297,988,978			367,845,094			283,726,888
Net loss per common share, basic and diluted	$	(0.13	)	$	(0.09	)	$	(0.24	)	$	(0.17	)

The following common stock equivalents outstanding as of June 30, 2026 and 2025, respectively, were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been anti‑dilutive:


	June 30, 2026		June 30, 2025
Unvested RSUs		11,497,931		6,271,178
Stock options		27,811,938		25,248,452
SSI Warrants		—		316,667
Total		39,309,869		31,836,297